95% winners live test | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Winners scale winners, losers scale losers 12 replies

go live or bust ... diary of an fx live-trader-wannabe 1,621 replies

Trade 2 live accounts - one with full balance, 2nd as a live test? 0 replies

Why EA test is forward test better than back test?? 1 reply

Oanda 10$ live acc quick-start guide (for newbie to trade live safe) 13 replies

Attachments: 95% winners live test
Exit Attachments

95% winners live test

  • #101
  • Jul 28, 2011 12:22pm Jul 28, 2011 12:22pm
I just dont understand why this always happens on almost every thread here on ff. These guys scare off the thread starter. Ever wonder why the thread starter just disapears?

Cubby
  • #102
  • Jul 28, 2011 12:27pm Jul 28, 2011 12:27pm
Quoting Cubbybgood
I just dont understand why this always happens on almost every thread here on ff. These guys scare off the thread starter. Ever wonder why the thread starter just disapears?

Cubby

It seems anything "outside of the box" in regards to RR and SL's will always be up for criticism. I wish you the best with your system, at the end of the day if your making money, that's all that matters!
  • #103
  • Jul 28, 2011 1:03pm Jul 28, 2011 1:03pm
You guys who vouched him are the same losers in this business like him!!! I know how FF works, if u post alot of nonsense talking buy/sell eventually you get vouched in the long run! Someone who is wise enough will vouch on me on this post! I'm not being overlly pessimistic here but why alot of succeeded people there are talking about CUTTING YOUR LOSSES SHORT AND LETTING YOUR PROFITS RUN????
100% sure this fellow will end up in deep sh@t if he is after hipotetical results based on his BACK TEST. I've started my trading just like you thinking of the BIG WINNERS, but at the end when I've started thinking about LOSERS, the game has changed. I hope you will take this post as an advice, I'm not gaining anything from your losses since I haven't put long trade on, I am trend follower, so we should be in the same boat but you are rusher gusher here.
  • #104
  • Jul 28, 2011 1:20pm Jul 28, 2011 1:20pm
Quoting Togu
You guys who vouched him are the same losers in this business like him!!! I know how FF works, if u post alot of nonsense talking buy/sell eventually you get vouched in the long run! Someone who is wise enough will vouch on me on this post! I'm not being overlly pessimistic here but why alot of succeeded people there are talking about CUTTING YOUR LOSSES SHORT AND LETTING YOUR PROFITS RUN????
100% sure this fellow will end up in deep sh@t if he is after hipotetical results based on his BACK TEST. I've started my trading just like you thinking of...

Everybody knows the saying cut your losses short and let your winners run!


But is this the only way to make it in the forex! No it is not. It's one of the ways.


How do we know a system is good? We test it right? You should know this. We back test it, forward test it. We try to do as much testing as possible so our a$$es dont get kicked when we live trade.


I'm well aware of the risk involved here. There are ways to get around this risk stated in this thread by me and others that have posted here. If you would just look at the THREAD and READ it you would have seen this! Maybe you can't read...


So with the way your talking it sounds like you made it in the forex and
you are a millionaire. Why are you here then? Why did you post on my thread?


Sounds like you know everything about the forex and how to trade it. "All hale togu!"

Let me ask you this...What have I done to you deserve this treatment?

Cubby
  • #105
  • Jul 28, 2011 1:23pm Jul 28, 2011 1:23pm
Hey Cubby,

I was as surprised as db777 that you took the trade. Close, but no cigar - yet! I do fear for your trade on this occasion taking into account S/R, price action etc., hopefully however it will work out for you.

Your system reminds me of laying horses at long odds i.e. winning when they lose. Unfortunately, as everyone knows, sooner or later a knackered old nag hasn't read the script. He/she/it thinks there's the world's biggest bag of oats waiting at the end of the course, or, someone wiped its behind with chilli peppers before the race and he steams past the field to win by a distance! The layer is fooked because the improbable just happened.

There is a way to limit the damage as a layer in this case but the point I'm making is you may do better by cutting down on your risk as has been helpfully suggested by others. Stress levels may also be reduced too! Just my 2 rupees worth.

Anyway, good luck to you.

Alternatively, why not have a look at yesterday's High/Low - take an immediate break of either the following day and take 10 pips that way?

Fawning adulation and donations accepted....
  • #106
  • Jul 28, 2011 1:33pm Jul 28, 2011 1:33pm
Quoting 4FXsake
Hey Cubby,

I was as surprised as db777 that you took the trade. Close, but no cigar - yet! I do fear for your trade on this occasion taking into account S/R, price action etc., hopefully however it will work out for you.

Your system reminds me of laying horses at long odds i.e. winning when they lose. Unfortunately, as everyone knows, sooner or later a knackered old nag hasn't read the script. He/she/it thinks there's the world's biggest bag of oats waiting at the end of the course, or, someone wiped its behind with chilli peppers before the...

you may be right with this. Using less risk would make sense but I wanted to push the system to it's limits. I had some cash to through at it. I do have confidence in it. It could end up shooting me in the foot but hey. I'm well aware of this and knew it getting into it.

If this trade pulls out this will be my last trade at this high risk level. If this trade does not I will start over with some more cash at a lower risk level. I'm also looking into lowering the SL and letting the profits run more while trying to keep the win % close to what I have now.

Thanks for the advise!

Cubby
  • #107
  • Jul 28, 2011 1:49pm Jul 28, 2011 1:49pm
Quoting Cubbybgood
you may be right with this. Using less risk would make sense but I wanted to push the system to it's limits. I had some cash to through at it. I do have confidence in it. It could end up shooting me in the foot but hey. I'm well aware of this and knew it getting into it.

If this trade pulls out this will be my last trade at this high risk level. If this trade does not I will start over with some more cash at a lower risk level. I'm also looking into lowering the SL and letting the profits run more while trying to keep the win % close to what I...
Why would you sell such a system?
  • #108
  • Jul 28, 2011 1:49pm Jul 28, 2011 1:49pm
Quoting 4FXsake
Hey Cubby,

I was as surprised as db777 that you took the trade. Close, but no cigar - yet! I do fear for your trade on this occasion taking into account S/R, price action etc., hopefully however it will work out for you.

Your system reminds me of laying horses at long odds i.e. winning when they lose. Unfortunately, as everyone knows, sooner or later a knackered old nag hasn't read the script. He/she/it thinks there's the world's biggest bag of oats waiting at the end of the course, or, someone wiped its behind with chilli peppers before the...

Just tested your idea, ten losses this year alone! that's worse odds.
  • #109
  • Jul 28, 2011 2:11pm Jul 28, 2011 2:11pm
Quoting Arnold49
Just tested your idea, ten losses this year alone! that's worse odds.
Hey A49 - That's not fawning adulation!

Seriously though, I have been looking at this recently but not traded live. If there were just 10 losses were the rest winners?

Firstly, I wouldn't use such a big stoploss as Cubby and secondly what I've noticed is that price can reverse quite smartly if 10 pips are not achieved. An opportunity to take another trade in the opposite direction?

I thought it was food for thought and those so inclined, like you perhaps, could explore this further? Just think there's something to this.
  • #110
  • Jul 28, 2011 2:23pm Jul 28, 2011 2:23pm
Quoting 4FXsake
Hey A49 - That's not fawning adulation!

Seriously though, I have been looking at this recently but not traded live. If there were just 10 losses were the rest winners?

Firstly, I wouldn't use such a big stoploss as Cubby and secondly what I've noticed is that price can reverse quite smartly if 10 pips are not achieved. An opportunity to take another trade in the opposite direction?

I thought it was food for thought and those so inclined, like you perhaps, could explore this further? Just think there's something to this.

Yes the rest were winners, apart from inside bar days. Maybe I'll look into it one day, for the moment Cubby has kindly told me his system and I'm writing an EA to backtest it so i'm pretty busy at the mo'

Preliminary results by mk.1 eyeball look outstanding, we're talking 4 or more successful trades a day, I'll post more when I have details.
  • #111
  • Jul 28, 2011 2:43pm Jul 28, 2011 2:43pm
Hi everyone!

To me it looks like a very simple daily High-Low breakout system targeting 10 pips with a 100 pips SL.

All the best!
  • #112
  • Jul 28, 2011 6:28pm Jul 28, 2011 6:28pm
CG has been a major contributor to these threads and I for one am doing ok with the profit all day system so cut the guy some slack and let him talk.

Also, if you have read the thread he has said numerous times he is not sure this will work in forward testing but it looks promising in backtesting enough to make it worth further investigation.

Plus the guy is risking his own real money so he must have some level of confidence the system will work.

I think he is making the right choice on the EA though. First EA's never trade as good as a person can do and second selling an EA can completely distract you from successful trading. I sold an EA a few years back and I wil NEVER do that again. It was a complete waste of nearly six months time and dealing with people like you find on the forum that are often crappy traders and they expect your EA to make them rich no matter how dumb they trade. You think you have whiners and nay sayers on here, wait until you sell an EA and see what you get. Dont Do It.

Now here's my problem. I'm an anylytical and technical thinker. I trade best with a couple clear indicators help me pull the trigger. Then I practice good MM and don't over trade and after blowing a few small accounts a few years back, I have actually been trading a real account now for over a year. The issue I have is this system must be very simple and I'm looking right past it. It does seem to be a break out system but when CG mentioned multiple time frames I ran into a wall. Can anyone address the how the multiple time frames come into play with this sytem? I assume it's a confirmation of some signal on multiple TFs but what signal? It must be under my nose and I just can't see it.

Thanks CG for keeping trading fun.
  • #113
  • Jul 28, 2011 10:18pm Jul 28, 2011 10:18pm
Geesh, not looking so good now.

Though it was quite a spectacular blowup, I will give you that.
  • #114
  • Jul 28, 2011 10:18pm Jul 28, 2011 10:18pm
Well, there it is guys! I got my loss!

Just one of those trades I still have another 25k to through at this thing. I will use less risk next time making some modifications as well.

Last time the system showed a loss was on 5/18 so it's been a while

Just one of those days I guess.

I knew what I was getting into here like I said before. It's a bit unfortunate that this trade was my last one before I broke down the risk.

Just bad luck I guess.

Well that will probably be it for this thread. I'm sure people will leave now. Thanks for joining me in this venture. I will set up another live account next week with 25k if some people want to still join me. There will be possitive changes and I'm still thinking about sharing the system if you guys want to stick around.

Keep you posted.

Cubby
  • #115
  • Jul 28, 2011 10:19pm Jul 28, 2011 10:19pm
Sorry cub, bound to happen. Sincerely hope that was not really real money.
  • #116
  • Jul 28, 2011 10:20pm Jul 28, 2011 10:20pm
Quoting redhouse
Sorry cub, bound to happen. Sincerely hope that was not really real money.

Oh it was but that's ok. I have more!

Cubby
  • #117
  • Jul 28, 2011 10:21pm Jul 28, 2011 10:21pm
Well at least now that you have had the loss it should be quite a while till you experience another loss right?
  • #118
  • Jul 28, 2011 10:27pm Jul 28, 2011 10:27pm
Quoting traderjai_inhi
Well at least now that you have had the loss it should be quite a while till you experience another loss right?

well lets hope so... Losses were at least 1 month apart.
  • #119
  • Jul 28, 2011 10:47pm Jul 28, 2011 10:47pm
Well this was just a small hiccup on your way to the top. We all have losing trades, some more than others but I surely respect you for being upfront and honest.

I still have no clue exactly what it is you do but I agree with your way of thinking. I believe forex is a business that can be mastered in many ways.

Some risk 2% per trade, some risk 25% but the bottom line is to make money and by the looks and sounds of things, you are making money.

I don't want to see you close the thread at all as I am just getting back to FF myself and came across your thread. I will beg you to keep the thread going and I will also beg for you to share your method but both of those decisions are totally up to you.

If you chose to hang it up, I still wish you the best and hope that you continue to do well for yourself and those you help. Some people don't make $50k in a year (me being one of them) and you did it in a week...simply amazing and something to be very proud of.

Quoting Cubbybgood
Well, there it is guys! I got my loss!

Just one of those trades I still have another 25k to through at this thing. I will use less risk next time making some modifications as well.

Last time the system showed a loss was on 5/18 so it's been a while

Just one of those days I guess.

I knew what I was getting into here like I said before. It's a bit unfortunate that this trade was my last one before I broke down the risk.

Just bad luck I guess.

Well that will probably be it for this thread. I'm sure people will leave now. Thanks for...
Changing my life one pip at a time!
  • #120
  • Jul 28, 2011 11:14pm Jul 28, 2011 11:14pm
Quoting Cubbybgood
Well, there it is guys! I got my loss!

Just one of those trades I still have another 25k to through at this thing. I will use less risk next time making some modifications as well.

Last time the system showed a loss was on 5/18 so it's been a while

Just one of those days I guess.

I knew what I was getting into here like I said before. It's a bit unfortunate that this trade was my last one before I broke down the risk.

Just bad luck I guess.

Well that will probably be it for this thread. I'm sure people will leave now. Thanks for...
Cubbybgood, I'm sorry for your loss, but you're tough, you can take it and stick to your guns.

It is your system and your money, but if I were you I would reduce a lot size (risk not 100% of the capital but only 25-30%) and would use lock instead of the stoploss.

I don't want something for nothing, but if you share your system people would be able to give you better advices.
Gentlemen always play by the rules. If they can't, they change the rules.
0 traders viewing now